Editor PicksCan Anybody Join Navy Federal Credit Union

Can Anybody Join Navy Federal Credit Union


Re: How To Join Nfcu With No Military Background

How to join Navy Federal Credit Union (NFCU) WITHOUT a sponsor!

Get a mistress that’s in the military and pay half her bills. That should do it. lol

Kidding…well maybe a little.


Get a mistress that’s in the military and pay half her bills. That should do it. lol

Kidding…well maybe a little.

good idea. We need to talk

Is there any way to join NFCU without –

1. Never been in the military

2. No family members in the military

3. No in laws in the military

4. My wife is not in the military

Thank you all in advance.

There are no loopholes for NFCU. They exist for military and family. Without the qualifications you won’t be able to join.

There are some CUs out there that are open to anyone but NFCU is pretty strict about having to meet the actual requirements, which makes sense since they are intended for military and family only.

How Do You Open A Navy Federal Business Solutions Account

If you think you meet the Navy Federal business account requirements , here are the steps to take to leverage Business Solutions.

  • Check your eligibility. If you are a military service member, Department of Defense civilian, or spouse, parent, grandparent, sibling, child, or grandchild of one, you may qualify for Navy Federal membership.
  • Become a Navy Federal Credit Union member. Apply for membership online through the organizations website. Or, if you are not the service member, you will need to go into a branch to sign up.
  • Enroll in digital banking. Once your application has been approved, enroll in personal digital banking.
  • Complete a Navy Federal Credit Union business account application. Fill out the appropriate documents and submit them online or call 1-877-418-1462 to apply over the phone.
  • Once youve been approved by the organization for a business account, you can access all of the services listed above.

    Who Is Navy Federal Credit Union

    Navy Federal Credit Union has some old roots. They were established way back in 1933 as the Navy Department Employees Credit Union of the District of Columbia .

    They were created as a credit union for Navy Employees who were members of the Federal Employees Union. A year later, in 1943, President Roosevelt signed the Federal Credit Union Act, which became the foundation for credit unions.

    In 1947, Navy Department Employees Credit Union of the District of Columbia was dissolved and reestablished as an official federal credit union, which they named Navy Department Employees Federal Credit Union. At this point, they also opened up membership to all Navy employees and personnel in the Washington area.

    In 1954, 21 years after their establishment, they officially became Navy Federal Credit Union. At this point, they opened their memberships to enlisted personnel. Through the years, they have continued to change and evolve. They have continued to grow and improve their products and services. They have become one of the largest and most influential credit unions on the market.

    Today, they have over 7 million members across the country, and they have over $78 billion in assets.

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    Nfcu Loans And Credit Cards

    • Home Equity Loans
    • Motorcycle, Boat & Leisure Vehicles

    Navy Federal credit card options are typical of what you might expect from any credit card program rewards, cash back options, and variable APRs. What makes these cards different than some commercial cards?

    No annual fees. There are three levels of credit card service with the lowest interest rates reserved for those who qualify for the NFCU Platinum card.

    Auto loans are offered for both new and used vehicles, and there is also a refinance option. What some military members may be interested in here? Motorcycle, boat, and leisure vehicle loans.

    Why are these NFCU loans particularly helpful? Because some military members and veterans find out the hard way that VA mortgage loans are not available for houseboats, Recreation Vehicles , campers, and other vehicles that can technically act as a dwelling but have no permanent foundation.

    A VA loan cannot be used to buy a house boat or RV because they cannot be classified or taxed as real estate. Thats where the NFCU Motorcycle, Boat & Leisure Vehicles loan comes in.

    And while were discussing VA mortgages, Navy Federal offers them in addition to some other home loan programs with similar features in some case . Home loan options include:

    Home loans arent the only lending choices you have. Navy Federal offers student loans with the following basic terms:

    Navy Federal Vs Usaa: Membership And Accounts

    Logo Army: Navy Federal Credit Union Restricted Access Fort Worth

    Although both geared toward military members and their families, Navy Federal and USAA differ a little in their eligibility requirements. This is mostly noted in Navy Federals inclusion of Department of Defense civilians, which USAA does not cover. Including DoD employees opens up some great banking opportunities for those who are not quite servicemembers.

    Both institutions offer their customers great access with 24/7 customer service and online and mobile banking features, too. Both institutions are pretty limited in their U.S. branch locations, however. Navy Federal does provide a wider physical reach than USAA, especially overseas.

    When it comes to each banks account offerings, both offer a great variety of accounts, including basic savings and checking accounts. NFCU stands out for its five education savings accounts options. This means you can open five kinds of Navy Federal accounts as ESAs to save for education expenses. Similarly, USAA offers a 529 College Savings Plan which you can use to save and pay for education expenses, as well. If youre looking for a money market account, though, you can only find that with Navy Federal.

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    How To Join Navy Federal Credit Union

    This article explains How To Join Navy Federal Credit Union.

    Not only does Navy Federal offer great financial services, but we also help a lot of people who arent in the Navy. All branches of the military, the Department of Defense, veterans, and their families are qualified members. We are very happy that we have been able to help the soldiers and their families for more than 80 years now. Join or share your membership with a family member. Find out how you can join or do this.

    Once A Member Always A Member

    Navy Fed members who have already joined using this backdoor should not be concerned about losing their membership. One fundamental principle of credit unions is that once a member, always a member. The qualification to join doesnt have to be maintained to continue to be a member of the credit union. You just have to maintain the minimum balance in the share savings account to keep the membership active. This principle is stated in the Federal Credit Union Act:

    1759 e Retention of membership.Except as provided in section 1764 of this title, once a person becomes a member of a credit union in accordance with this subchapter, that person or organization may remain a member of that credit union until the person or organization chooses to withdraw from the membership of the credit union

    It should also be noted that the Navy League backdoor used to be a legitimate method of gaining Navy Fed membership. The backdoor rules were disclosed by Navy Fed representatives. Thus, everyone who had joined by following these rules should feel that theyre legitimate members.

    Thanks to the DA readers who posted in the forum and comments of these changes, and thanks to DA reader, Kaight, who posted the excerpt of the Federal Credit Union Act.

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    Credit Unions With Easy Membership Requirements

    • Earn highest APY on balances under $25,000
    • Earn only 0.10% APY without monthly direct deposits of $500 and enrollment in digital statements
    • Interest is compounded and paid monthly
    • Federally insured by the NCUA

    Why it stands out: Affinity Plus Federal Credit Union pays high interest rates on its money market account and CDs. It also has a rewards program that lets you earn points if you keep a certain amount of money in your account or use a bank credit card.

    Membership requirements: The easiest way to join Affinity Plus Federal Credit Union is to donate $25 to the Affinity Plus Foundation and open a savings account. Affinity Plus Federal Credit Union has 26 branches in Minnesota and has additional ways to become a member if you live or work in the state.

    • Join Bethpage by opening a savings account with $5
    • 33 branches in New York State
    • 33,000+ free ATMs, 5,000+ shared branches
    • Terms range from 3 months to 5 years
    • Interest compounded daily
    • Federally insured by the NCUA

    Why it stands out: Bethpage Federal Credit Union lets you earn a high interest rate on checking, certificate, or money market accounts. The certificates are especially appealing if you’re looking for an institution with a low minimum opening deposit you’ll only need $50 to open one.

    Membership requirements: Bethpage Federal Credit Union lets you join online from anywhere in the US, as long as you open a savings account with at least $5.

    Other Savings Options At Navy Federal Credit Union

    HOW To JOIN Navy Federal Credit Union WITHOUT Being MILITARY[YOU MUST WATCH THIS!!!]

    In addition to a basic savings account and the higher-interest money market accounts, Navy Federal Credit Union offers share certificates, or CDs, for short-term and long-term savings. For shorter-term saving goals, like a down payment on a new car, there are CDs with terms as short as three months.

    Finally, Navy Federal offers education savings accounts and traditional IRAs and Roth IRAs for retirement savers.

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    What Financial Services Can You Access With A Navy Federal Business Account

    Business Solutions by Navy Federal is centered on delivering the most beneficial financial tools and resources available to small business members. What products and services can you leverage to help you meet your company goals?

    The program for qualified members with military ties offers several financial services for small businesses including loans, lines of credit, checking, and savings accounts. Learn more about each of them below.

    Another Backdoor But It Doesnt Allow Everyone In

    If youre not yet a Navy Fed member, you may still be able to join even though youre not in the military. In February, Navy Fed announced an expansion of its field of membership to include veterans and their families. If you have an immediate family member who has ever been in the military, you are eligible to join. Immediate family members include grandparents, parents, spouses, siblings, grandchildren, and children. Veterans and their family members can join via all channels however, if your veteran family member is not already a Navy Federal member, you have to apply by phone or at a branch. It cant be done online.

    I have more details in this February blog post.

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    How Long Does It Take To Get A Navy Federal Card

    You are able to buy either a new or a replacement card quickly, conveniently, and at the click of a button.You can also purchase items straight away after activation of your card.Did you recently open a checking account and ask for a new debit card? You will receive the card as soon as possible in the mail.

    History Of Navy Feds Membership Rules

    Airforce Federal Credit Union Locations

    This backdoor may be related to Navy Feds acquisition of USA Federal Credit Union in 2010. USA Federal Credit Union was headquartered in San Diego, and before the acquisition, USA Fed was well known as an easy-to-join credit union. However, the Navy League wasnt the well-known association to join for USA Fed membership. It was the Prime Meridian Association, and Navy Fed did not add this association into its field of membership

    Ive monitored Navy Feds website closely since I began writing about the credit union in 2006. The eligibility section of Navy Feds website has always limited membership to those who have military affiliation. The last big change to eligibility was in 2008 when membership expanded to include all branches of the Armed Forces.

    As the largest credit union in the nation, Navy Fed probably doesnt see the need to aggressively pursue new members. Theres little to gain with promoting a backdoor to membership, and theres a lot of potential bad publicity if the backdoor makes news.

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    Joining Navy Federal Credit Union Without Military Affiliation

    January 10, 2017Keywords:

    Navy Federal Credit Union is the largest credit union in the U.S. It primarily serves members with military affiliations. It often has great rates on CDs and loans. I read on DepositAccounts.com that there was a way for the general public to join . Because this opportunity for the general public can close at any time, I decided to join Navy Federal Credit Union now to get into the door.

    Benefits Of Navy Federal Credit Union Platinum Card

    If youre a NFCU member and you have high interest debt to consolidate, this card can help you pay down the balance with 0% APR on balance transfers for 12 months. Even after the intro period, this cards ongoing APR range is lower than many other options available today, and may be as low as 5.99%.

    Aside from the low APR and intro offer from this card, we also like the fact there are no major fees, including balance transfer fees.

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    Who Is Navy Federal Credit Union Best For

    Navy Federal Credit Union is a full-service credit union offering a wide range of products and services. Its a good fit for customers who:

    • Are part of the armed forces or related to someone who is a member
    • Want a full-service credit union for all of their banking needs
    • Are looking for simple bank accounts that earn interest

    Nfcu Checking & Savings

    I Found A New Navy Federal Credit Union Membership Loophole! Maybe…

    Navy Federal account services include the following options:

    • Checking & Debit Card
    • Education Savings
    • Prepaid and Gift Cards

    All members have some form of free checking offered. There is an active duty free checking program, and similar options for students and for everyday checking uses.

    Those with Active Duty checking accounts are eligible to receive their direct deposit payment from the Defense Finance and Accounting Service a day early. The savings account options include retirement and education savings whatever your future financial needs might be in these areas, there are options.

    The retirement savings account features include Roth IRAs, Traditional IRAs, SEP accounts, and more. For education savings accounts, there are multiple choices including the Coverdell Education Savings Account and the 529 Plan.

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    Navy Federal Membership Eligibility How To Become An Nfcu Member

    Advertiser Disclosure: Opinions, reviews, analyses & recommendations are the authors alone. This article may contain links from our advertisers. For more information, please see our .

    Navy Federal is one of the behemoths in the U.S. credit union landscape and is known for its commitment to serving those who serve and giving back to the military community. This article will help you to learn more about Navy Federals core offerings and differentiating features and help you understand if youre eligible for Navy Federal membership.

    How Navy Federal Credit Union Works

    Navy Federal Credit Union has 247 branches around the world, including ones on some military bases. It also has 30,000 free ATMs around the US.

    If you don’t live near a branch, you can still open an account online.

    Navy Federal has 24/7 live customer support over the phone. Its mobile app has 4.6 out of 5 stars in the Apple store, and 3.7 out of 5 stars in the Google Play store.

    Your deposits are federally insured by the NCUA for up to $250,000, or up to $500,000 for joint accounts.

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    Senior Enlisted Reward Program: Up To $500 Bonus

    The Senior Enlisted Reward Program lets you earn $100 for each new Senior NCO you refer to the credit union. Navy Federal coupons are not required for this bonus, but the people you refer must meet membership criteria and provide your access number when opening their new account. Heres more:

    • Cash value: Up to $500
    • Minimum deposit to qualify: $0
    • Expiration date: None
    • How to get it: Refer active duty National Guard and Reserves E-7 through E-9 for membership and earn $100 for each one who joins, up to a $500 total reward. The people you refer must mention the program and provide your access number when applying for membership for you to get credit.
    • When youll get it: The bonus is deposited within 14 business days after the referred persons membership is approved.
    • Terms and conditions: This offer is not available to recruiters. Referring members and referred individuals must be at least 18 years old. The referral fee is contingent on the referred individual qualifying for membership.
    • Monthly fees: None

    Who Can Use Usaa Bank

    Can anyone join the UK Federal Credit Union?

    Similar to Navy Federal, USAA Bank is reserved for active military, former military, family and cadets and midshipmen. Active military includes those who are current serving in the U.S. Air Force, Army, Coast Guard, Marines or Navy. Former military means those who have retired or separated from the U.S. military with Honorable discharge. Family includes widows, widowers and un-remarried former spouses of USAA members and individuals whose parents joined USAA. Finally, cadets and midshipmen includes those at U.S. service academies, in advanced ROTC, on ROTC scholarship and offer candidates within 24 months of commissioning.

    Banking with USAA provides a number of great benefits like free nationwide ATMs, no minimum balance fees, military pay advances and rewards programs. You will also have access to tools and guidance in saving for retirement, military and work life balance, loans and more.

    USAA maintains offices in Annapolis, Maryland Austin, Texas Chesapeake, Virginia Colorado Springs, Colorado Dallas Highland Falls , New York Phoenix San Antonio and Tampa, Florida. USAA also has offices in England and Germany.

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